FEPI vs. DARP ETF Comparison

Comparison of REX FANG & Innovation Equity Premium Income ETF (FEPI) to Return Stacked Bonds & Managed Futures ETF Grizzle Growth ETF (DARP)

FEPI

REX FANG & Innovation Equity Premium Income ETF

FEPI Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Grade (RS Rating)

Last Trade

$50.75

Average Daily Volume

125,887

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DARP

Return Stacked Bonds & Managed Futures ETF Grizzle Growth ETF

DARP Description

The fund is an actively managed exchange-traded fund ("ETF") that invests primarily in equity securities of companies, with a focus on growth, innovation and disruption. The fund seeks to identify future leaders in the following overarching key growth themes including, but not limited to: Digitization and Cloud Computing, Future Media and Entertainment, Health and Wellness, and Sustainability and Energy Transition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.02

Average Daily Volume

1,046

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FEPI	DARP
30 Days	-0.06%	3.52%
60 Days	2.02%	5.98%
90 Days	8.39%	11.79%
12 Months	24.15%	31.87%

7 Overlapping Holdings

Symbol	Grade	Weight in FEPI	Weight in DARP	Overlap
AAPL	C	6.73%	7.51%	6.73%
AMZN	A	6.8%	2.91%	2.91%
GOOGL	A	6.72%	5.66%	5.66%
META	B	6.62%	5.44%	5.44%
MSFT	D	6.94%	10.16%	6.94%
MU	C	6.97%	5.53%	5.53%
NVDA	B	7.28%	21.05%	7.28%

FEPI Overweight 8 Positions Relative to DARP

Symbol	Grade	Weight
TSLA	A	8.08%
NFLX	A	7.27%
CRM	A	6.78%
INTC	C	6.68%
AMD	F	6.66%
AVGO	B	6.63%
QCOM	D	6.54%
ADBE	F	6.47%

FEPI Underweight 16 Positions Relative to DARP

Symbol	Grade	Weight
TSM	B	-3.63%
ABNB	B	-3.31%
ASML	F	-3.0%
RRC	D	-2.74%
VRT	B	-2.55%
NEE	D	-2.48%
TTD	B	-1.23%
TWLO	A	-1.09%
AR	F	-1.04%
EU	D	-1.04%
AMAT	F	-0.89%
CIFR	B	-0.88%
TT	C	-0.87%
BTBT	B	-0.66%
PANW	B	-0.48%
CMPS	F	-0.48%